Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 15 - Part V - Monopoly - Questions for Review - Page 323: 6

Answer

c) consumer surplus

Work Step by Step

Under perfect price discrimination, a monopolist charges each consumer exactly their willingness to pay, extracting all their consumer surplus. Total surplus remains the same, while firm profit increases.
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